With Shoal, you can get started with as little as one pound. Just top up your account, create a Savings Pot, and select the term you’d like to save for - it’s that easy!

Once you create a Savings Pot, your money is referenced against Standard Chartered Bank’s Sustainable Finance portfolio, which is made up of loans and other financial products provided to companies or projects supporting sustainable development, 90% of which are located in developing economies where the impact is greatest.

As a global bank with over 170 years in operation, our banking partner Standard Chartered provides financial services to a wide range of companies and projects, including to companies and projects that are engaged in sustainable, transition-finance and conventional activities.

When Shoal places money from Savings Pots with Standard Chartered, these funds are given a distinct sustainable product code. This code enables us to make sure that the money is referenced exclusively against Standard Chartered’s sustainable finance portfolio, and helps ensure that Standard Chartered never accepts more sustainable deposits than it has sustainable projects / loans to finance. So whilst Standard Chartered’s wider liquidity pool will be used to finance conventional banking activities as well as transition finance and sustainable finance, the funds that Shoal places with them are only ever referenced against sustainable projects.